@misc{10481/89819,
year = {2011},
url = {https://hdl.handle.net/10481/89819},
abstract = {This article combines institutional and resources’ arguments to show that the institutional distance between the home and the host country, and the headquarters’ financial performance have a relevant impact on the environmental standardization decision in multinational companies. Using a sample of 135 multinational companies in three different industries with headquarters and subsidiaries based in the USA, Canada, Mexico, France, and Spain, we find that a high environmental institutional distance between headquarters’ and subsidiaries’ countries deters the standardization of environmental practices. On the other hand, high-profit headquarters are willing to standardize their environmental practices, rather than taking advantage of countries with lax environmental protection to undertake more pollution-intensive activities. Finally, we show that headquarters’ financial performance also imposes a moderating effect on the relationship between environmental institutional distance between countries and environmental standardization within the multinational company.},
organization = {Spanish Ministry of Education and Science ECO2010-20483, programme FPU},
organization = {Andalusia Regional Government  P08-SEJ-0457, P10-SEJ-6765},
publisher = {Springer Nature},
keywords = {Natural environment},
keywords = {Multinational company},
keywords = {Environmental standardization},
keywords = {Environmental institutional distance between countries},
keywords = {Financial performance},
title = {The Effects of Institutional Distance and Headquarters’ Financial Performance on the Generation of Environmental Standards in Multinational Companies},
doi = {10.1007/s10551-011-0978-7},
author = {Aguilera Caracuel, Javier and Aragón Correa, Juan Alberto and Hurtado Torres, Nuria Esther and Rugman, Alan M.},
}